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Administration?

  • Thread starter Thread starter S3RGIO33
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ES would be better off selling for £20m than going into administration. He won't put us through that.
 

Since deleted the tweet so, was expected it was a load of shite.
 
If he doesn't find a buyer it will happen, but not for a couple of seasons, monies to be recieved from assest stripping, fees received and some more parachute money.
Once the debt is down below maybe 25 million and there nowt left to pawn he'll pull the plug
 
b1gals said:
Ellis Short owns SAFC. SAFC owes Ellis Short £150m. Thereby Ellis Short owes Ellis Short some money. How do you put that through administration? Is he going to agree to pay himself 10p in the pound?
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Didn't he offload £85 million to a Loans company that you pay a daft interest rate on? It was on a thread on here before that he is no longer your biggest creditor The Security Benefit Corporation is and laid the Stadium down as security. Can't be arsed to find it, but if that's true it's not Ellis Short you need to be worried about.
 
I doubt Gray knows his administration from his insolvency from his bankrupt from his skint from his elbow anyway.
 
b1gals said:
Ellis Short owns SAFC. SAFC owes Ellis Short £150m. Thereby Ellis Short owes Ellis Short some money. How do you put that through administration? Is he going to agree to pay himself 10p in the pound?
Click to expand...

Half the debt is a secured loan to SBC iirc. If they demand repayment in full, or we fall behind on payments to them then I don't think Ellis has a choice
 
Love Spreads said:
Didn't he offload £85 million to a Loans company that you pay a daft interest rate on? It was on a thread on here before that he is no longer your biggest creditor The Security Benefit Corporation is and laid the Stadium down as security. Can't be arsed to find it, but if that's true it's not Ellis Short you need to be worried about.
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Love Spreads said:
Didn't he offload £85 million to a Loans company that you pay a daft interest rate on? It was on a thread on here before that he is no longer your biggest creditor The Security Benefit Corporation is and laid the Stadium down as security. Can't be arsed to find it, but if that's true it's not Ellis Short you need to be worried about.
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samaistonsrightfoot said:
Half the debt is a secured loan to SBC iirc. If they demand repayment in full, or we fall behind on payments to them then I don't think Ellis has a choice
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Didn't know that lads.
 
It's fair to say that the value of the club is dropping daily if not by the hour. Never known a club's reputation take such a kicking over such a long period of time. Our brand is becoming toxic and downward spirals are very hard things to get out of.
 
These rumours continue to be spread.

All seem to spring from "club staff" and have done all summer.
 
becs said:
Micky Gray being an attention seeking bellend shocker.
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An alcoholic one at that if what a certain Uber fan has told me.

Even when he was playing, he apprently had to neck two pints before he could even put on a pair of football boots.

Nothing to see here as regards Micky Gray.
 
sproates33 said:
Nee doubt someone has mentioned it to him today so the attention seeking bellend has pasted it all over Twitter looking for retweets and will not say a peep further as to where he's heard it from or owt else, bloke is an orange gonk.
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Exactly what I thought. Somebody has wound him up....
 
There are things going around again today aside from Gray. Am not sure if posting such stuff is allowed judging by members being banned and stuff being deleted so I won't bother.
 
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